Plains Edition USDA Information 1-21-12

NEBRASKA CROPS/WEATHER SUMMARY

The crops and weather reports will be issued once a month until early spring when weekly reports wil resume. The next report will appear in the February 4, 2012, issue.

National Slaughter Cattle Summary

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Week Ending January 13, 2012

Slaughter cattle trade untested by 3:00 Friday afternoon. Bids and asking prices some 5.00 apart with either side willing to give. Beef prices continue to slip all week thus posting declines for the second week. Feedyards looking at limited supplies but packers staring at the red as beef prices get cheaper. Boxed beef prices Friday morning averaged 179.93 down 3.98 from last Friday and 6.25 lower from two weeks ago. The Choice/Select spread is at 8.58. Slaughter cattle on a national basis for negotiated cash trades through Friday afternoon totaled about 6,160. Last week’s total head count was 130,610.

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Midwest Direct Markets:

Live Basis: Steers and Heifers 35-80 Percent Choice

1200-1400 lbs: few 119.00-120.00

Dressed Basis: Steers and Heifers: Not established

South Plains Direct Markets:

Live Basis: Steers and Heifers 35-65 percent Choice

1100-1400 lbs: Not established

Slaughter Cows and Bulls (Average Yielding Prices):

Slaughter cows steady to 2.00 higher. Slaughter bulls steady to 2.00 higher, except Oklahoma 8.00-10.00 higher than the last test before the holidays. USDA’s Cutter cow carcass cut-out value Friday morning was 159.47 up 1.68 from last Friday.

Prices paid for average dressing:

%Lean Weight Colorado Oklahoma

Breakers 75-80% 1000-1600 71.00-74.50 76.00-79.50

Boners 80-85% 1000-1600 69.00-73.00 75.00-78.00

Lean 85-90% 1000-1400 65.00-68.50 70.00-73.00

Bulls 88-92% 1200-2300 84.00-87.00 93.00-96.00

Omaha afternoon wheat, corn, oats & soybeans

Monday, January 18, 2012

Omaha-Council Bluffs Grain: Spot Cash Grain Prices: Prices bid or paid per bushel, except grain Sorghum per CWT., at rural Nebraska elevators as of 2:00 P.M.

US No. 1 Hard Red Winter Wheat 5.63-6.35

US No. 2 Yellow Corn 5.62-5.84

US No 1 Yellow Soybeans 10.71-11.45

November 2011 Monthly Prices:

Low High Average

US No. 1 Winter Wheat 5.63 6.35 5.98

US No. 2 Yellow Corn 5.62 5.84 5.30

US No. 1 Yellow Soybeans 10.71 11.45 11.06